Ithaca Energy plc (LON:ITH) Insider Acquires £149.86 in Stock

Ithaca Energy plc (LON:ITH) insider Gilad Myerson bought 127 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of GBX 118 ($1.48) per share, with a total value of £149.86 ($188.27).

Ithaca Energy Price Performance

Shares of ITH opened at GBX 118 ($1.48) on Thursday. The stock has a 50-day moving average of GBX 127.81 and a 200-day moving average of GBX 139.96. The company has a market cap of £1.19 billion and a PE ratio of 696.47. Ithaca Energy plc has a one year low of GBX 111.85 ($1.41) and a one year high of GBX 187.40 ($2.35).

Ithaca Energy Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 17th. Stockholders of record on Thursday, March 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a dividend yield of 7.43%. Ithaca Energy’s dividend payout ratio is presently 12,352.94%.

About Ithaca Energy

Ithaca Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea, Moray Firth, and West of Shetland area of the UKCS. Ithaca Energy plc was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022.